FAR 1.03% 49.0¢ far limited

XMC, I don't actually see any prospects illustrated for the...

  1. pj
    2,090 Posts.
    XMC, I don't actually see any prospects illustrated for the northern block specifically. The prospects that are illustrated are to the left and right of SNE the SNE look alikes Sirius and Soleil, plus the "buried hill" plays, and in the deeper water FAN and South Canyon I think. There are other leads and prospects not included as yet.

    BI, yes they could well end up drilling 8 wells back to back. They key question is at what price the money will be able to be raised eg most of it all at once or incrementally by well as we go. Assuming Dec is the first raising a lot will depend on the oil price and if the oil price has collapsed again over that period the dilution could be very significant. Please pray that it does the reverse
    pj
 
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